Buying or selling a home is probably the most important and potentially rewarding financial transaction you'll ever make in your life. So it's a good idea to take a moment to consider the consequences of the kinds of relationships that you might be entering into with a Realtor. Unless you actually hire a realtor as your "agent" he/she is not legally working for you or representing you.
Why Do Buyers Need An Agent?
To find a home, buyers usually search online, in the newspaper, see a sign, or simply do "drive bys". Buyers will then quite often call the Realtor whose name is on the sign or in the ad. Buyers often assume that the listing agent is the best to deal with since they know the property.
In most cases, however, the Seller's Realtor is the agent of the seller, and legally obliged to get the best prices & terms for the seller, not the buyer! Also, since they have a vested interest, they are not likely to tell buyers about other properties that may be superior to their listing.
When buyers have their own loyal agent to represent them, that agent can spend the time and effort necessary to truly learn and understand what their buyers wants and needs are. The realtor of the buyer will be better equipped to search out properties that most closely meet their needs, thereby saving them considerable time, aggravation and yes, even money!
Generally, sellers still pay the commission but it is paid to the brokerage firm of the listing agent. That firm in turn pays the brokerage firm of the Buyer's agent. The individual agent is then paid on whatever level has been agreed upon in their office contract.
Consumers can elect to be represented either by their own Agent or if the situation arises, Buyer and Seller can use the same Agent. That's called a dual representation. In such a case, the agent pledges fairness and honesty to both parties.
What Our Team Will Do For You
Our Team is committed to advise the buyer on any negative factors as well as the positive aspects of a property being considered. We do this with the utmost care and diligence.
Benefits To The Buyer
Total commitment to the Buyer
Maximum effort on their behalf
Exposure to the entire market
Confidentiality
Disclosure of anything that may affect a buyer's decision
Successful and experienced negotiator on your side
Privacy for the Buyer
Strongest possible protection of the Buyer's interests
Mortgage financing assistance
Buyers will save money since we will be negotiating to protect their interests.
Buyers may be new to an area or neighbourhood. We have the knowledge and resources needed to inform buyers about local schools, amenities, resale value in the area and much more. We provide our buyers with information on new listings of homes for sale within minutes of them coming on the market!!!
Will The Buyer Need To Sign An Agreement?
We will extend much effort, time, expertise, loyalty and education to be singularly informed on behalf of our buyers. Once we have met and our buyers are comfortable with the services we provide, the law requires a written Agreement to be discussed and signed.
Our services are Free of Charge to buyers. With over 23 years of real estate experience we have the expertise to negotiate the best price.
Ask a Real Estate Expert
If you have any questions about buying or selling your home or would just like to have additional information about real estate in your area please send us your question.
This is just one of the many services we provide at Team Lorimer.
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